Petroleum Minister M Veerappa Moily assured to invest Rs 100 crore for setting up CNG plants in Kerala. Moily said that this amount would be transferred to Kerala State Road Transport Corporation (KSRTC).
The move is a great help and it would save the struggling public transport sector,” Kerala Chief Minister Oommen Chandy told reporters after meeting Moily. The state Transport Minister Aryadan Mohammed also attended the meeting.
Chandy met the union minister in order to seek central assistance to save the Kerala State Road Transport Corporation which is incurring monthly loss ranging from Rs 70 crore to Rs 90 crore.
At present, the corporation has 5,555 schedules and 6,179 buses. The average earnings per km works out to round about Rs 30.83 and the average earnings per bus (EPB) works out to Rs 10,049.
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